Reinsurance Group Of America Stock To Go Ex-dividend Tomorrow (RGA)
The ex-dividend date for Reinsurance Group of America (NYSE:RGA) is tomorrow, August 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $58.50 as of 9:34 a.m., the dividend yield is 1.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Reinsurance Group of America (NYSE: RGA) is tomorrow, August 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $58.50 as of 9:34 a.m. ET, the dividend yield is 1.2%. The average volume for Reinsurance Group of America has been 467,000 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $4.3 billion and is part of the financial sector and insurance industry. Shares are up 8.4% year to date as of the close of trading on Friday. Reinsurance Group of America, Incorporated, an insurance holding company, engages in individual and group life, annuity, asset-intensive, critical illness, and financial reinsurance in the United States, Canada, Europe, South Africa, and the Asia Pacific. The company has a P/E ratio of 7.2, above the average insurance industry P/E ratio of 7.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Reinsurance Group of America Ratings Report. See our dividend calendar or top-yielding stocks list.